Section 7-8-502 Assertion of Adverse Claim Against Entitlement Holder.
53 words·~1 min read·
/al/title-7-commercial-code/part-5-security-entitlements/7-8-502·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An action based on an adverse claim to a financial asset, whether framed in conversion, replevin, constructive trust, equitable lien, or other theory, may not be asserted against a person who acquired a security entitlement with respect to such financial asset under Section 7-8-501 for value and without notice of the adverse claim.